Bitcoin Price Stuck In Range, Can BTC Bulls Save The Day?

Bitcoin Price Stuck In Range, Can BTC Bulls Save The Day?

Bitcoin price struggled to continue higher above the $43,800 resistance. BTC is moving lower and might decline heavily if it breaks the $41,800 support.


  • Bitcoin price is declining from the $43,800 resistance zone.

  • The price is trading below $42,800 and the 100 hourly Simple moving average.

  • There is a key bearish trend line forming with resistance near $42,850 on the hourly chart of the BTC/USD pair (data feed from Kraken).

  • The pair could continue to decline if there is a clear move below the $41,800 support.

  • Bitcoin Price Takes Hit


    Bitcoin price made another attempt to gain pace above the $43,000 and $43,200 resistance levels. However, BTC struggled to extend its gains and recently started another decline below $42,800.


    There was a move below the $42,500 support. A low is formed near $42,232 and the price is now consolidating losses. There is also a key bearish trend line forming with resistance near $42,850 on the hourly chart of ..

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